We present a prime 6-unit investment property centrally located in Koreatown, one of Los Angeles' most sought-after neighborhoods. Offering a solid 5.47% cap rate and not subject to LA City Rent Control (RSO), this building consists of two large 2bd+2ba+Den units on the second floor and four spacious 1bd+1ba units… Read More on the third floor. The ground level offers eight side-by-side parking spaces. There is a bonus outdoor area perfect for BBQ and lounging in the rear. The property is fully occupied by responsible tenants, ensuring stable cash flow. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. This property benefits from strong rental demand due to its proximity to Wilshire Blvd, major transit lines, trendy cafes, top-tier dining, grocery markets and shopping. This is a rare opportunity to acquire a prime, turnkey asset in one of LA's most dynamic and high-growth submarkets. Read Less
Property listed by Keller Williams Realty Los Feliz, Johnny Cho 323-300-1000
Listing Snapshot
Days Online
96
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,216
Lot Size
0.14 Acres
Year Built
1989
MLS Number
25557051
30 Days Snapshot Of 90006
$672k
-21%
(avg) sold price
10
+233%
homes sold
72
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1989, Building area total: 5,216, Levels: ThreeOrMore, Living area: 5216, 1 building, Architectural style: SeeRemarks
Cooling
WallWindowUnits
Income
Gross income: $172,320, Net operating income: $120,230
Lot
0.1356 acres, 5,908 square feet, Size: 5,908
Parking
8 totals parking, Assigned, Covered, Gated
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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